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Current Attempt in Progress Sunland Corporation was organized on January 1, 2019. During its first year, the company issued 2,900 shares of HK$50 par
Current Attempt in Progress Sunland Corporation was organized on January 1, 2019. During its first year, the company issued 2,900 shares of HK$50 par value preference shares and 150,000 shares of HK$10 par value ordinary shares. At December 31, the company declared the following cas dividends: 2019, HK$5,100; 2020, HK$13,400; and 2021, HK$28,800 (HK$ in thousands). Show the allocation of dividends to each class of shares, assuming the preference share dividend is 5% and non-cumulative. 2019 2020 Allocation to HK$ HKS HKS preferred shares Remainder to ordinary HK$ HK$ HK$ shares 2021
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